Griffith Business School experts have had their say on the 2017 Federal Budget and have been left underwhelmed by Treasurer Scott Morrison’s second economic blueprint.
In a special Griffith Business School presentation, five key academics reviewed the budget’s impact on the economy, superannuation, regional Australia, energy policy, defence and on the political landscape.
Head of Department for Accounting, Finance and Economics Professor Fabrizio Carmignani said the Treasurer fell short of what Australia needs to sustain long term growth. Professor Carmignani also argues that this budget does not do nearly enough to avoid the growing disparity between the rich and poor.
“I would have liked to see some specific intervention to ensure that growth is inclusive. Instead, most of the spending that is indeed instrumental to reducing inequality is classified as so-called ‘bad debt’ and, this spending can only be financed through taxes.”
Housing affordability was one of the key pillars of the 2017 Budget
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